KUALA LUMPUR, Malaysia – The Southeast Asian bloc ASEAN on Tuesday, May 27, announced an ambitious strategic plan that includes harmonizing trade standards and greater financial integration in an effort to collectively become the world’s fourth-largest economy. The five-year, 41-page plan for the 10-member Association of Southeast Asian Nations, released during a leaders’ summit in […]
Read MoreBy Khushboo Razdanin Washington US President Donald Trump has announced a trade agreement with Britain, marking the first such pact secured by his administration since launching a sweeping effort to overhaul the global trading system through tariffs, as he suggested a call with China’s leader Xi Jinping loomed and that levies on Chinese goods “could […]
Read MoreMullah Abdul Ghani Baradar, the deputy prime minister for economic affairs, has emphasized increasing investment for Afghanistan’s economic growth. He stated that nationwide security is currently ensured and that Afghanistan’s trade and diplomatic relations with various countries are expanding. “Security is ensured in the country, people’s wealth and honor are protected, large national projects are […]
Read MoreThe U.S. Agency for International Development (USAID) has not officially informed the govenment on any aid cut to date, Deputy Minister of Finance Harshana Sooriyaperuma told Parliament today. He said the USAID is bound to officially inform the Sri Lankan government of any aid cuts as per the agreements it has reached with Sri Lanka.
Read MoreBhutan, the country that introduced the world to the concept of Gross National Happiness (GNH), has long prioritised well-being over sheer economic growth. Now, in a bold move, the Himalayan kingdom is launching the Gelephu Mindfulness City (GMC), an ambitious project that aims to serve as an interconnected bridge of sustainable development between South and […]
Read MoreIndia’s economy likely rebounded last quarter, expanding 6.3%, driven by increased government spending that helped offset weak household demand, according to a Reuters poll of economists who forecast relatively modest growth ahead. A national election in April-June last year forced the government to curb infrastructure spending, a key driver of economic expansion in recent years […]
Read MoreThe Government of Mongolia issued a USD 500 million bond with an interest rate of 6.625 and a maturity of five years under the “Century IV” project and began trading it on the international securities market. The initial order for the newly issued bond exceeded the trading volume by 8.2 times, reaching USD 4.1 billion. […]
Read MoreWelcoming the latest budget in Sri Lanka, the Joint Apparel Association Forum (JAAF) recently expressed serious concern over the potential impact of a premature removal of the simplified value-added tax (SVAT) without a clear, well-tested alternative. Ensuring a smooth and transparent transition from SVAT is crucial to maintaining the apparel industry’s competitiveness and sustaining investor […]
Read MoreFinance Minister Muhammad Aurangzeb said on Thursday that Pakistan had lost its credibility as the country struggled to achieve economic stability. He was speaking at a Senate climate change committee meeting, where he discussed the country’s climate financing challenges and its negotiations with international lenders, The Express Tribune newspaper reported. We have lost our credibility […]
Read MoreThe Ministry of Energy and Water has launched two major electricity projects worth over $25 million, aimed at reducing power shortages in Kabul and industrial parks. At the inauguration ceremony, acting Minister Abdul Latif Mansoor emphasized that these projects will significantly improve electricity supply for residents and businesses. The projects include: • A new 189-megavolt […]
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